Announcement regarding minimum liquidity test, May 2018

Mon, Jun 04, 2018 08:55 CET

Notice 2018-06-04

On May 28, 2018, Preem AB satisfied the minimum liquidity test, the second of the two required tests under the Credit Facilities to upstream excess cash to Corral Petroleum Holdings in June for the July 1, 2018 scheduled interest payment on the 2021 Notes.

About Us

We are the largest oil refining company in the Nordic region in terms of capacity. We conduct our business through our wholly owned operating company, Preem, which operates its business through two segments, a Supply and Refining segment and a Marketing and Sales segment. We refine crude oil in Sweden and then market and sell refined products primarily in Sweden and other northwestern European markets, including Scandinavia, France, Germany and the United Kingdom, as well as the United States and, to a lesser extent, other markets.